Section 13.61 Liability of Transferee for Improperly Transferred Property
| Library | Trusts and Powers 2013 Supp |
B. (§13.61) Liability of Transferee for Improperly Transferred Property
If the property is distributed to the wrong person, whether as a result of negligence, mistake, or otherwise, the transferee is liable to return the property. Section 461.067.2, RSMo 2000. The action seeking return may be brought by either the transferring entity or the rightful transferee.
Usually, the action will be brought by the rightful transferee and will take the form of an action for accounting. A transferring entity might...
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